<h1>RBI Report Proposes Universal Bank Accounts, Differentiated Banking, and Regulatory Changes for Small Businesses and Low-Income Households.</h1> The Reserve Bank of India has released a report from the Committee on Comprehensive Financial Services for Small Business and Low Income Households for public feedback. Key recommendations include a universal bank account for all Indians over eighteen, a differentiated banking system with relaxed entry norms, and an adjusted priority sector lending target of 50%. The report suggests regulatory convergence between banks and NBFCs, a State Finance Regulatory Commission, and specific regulations for small businesses. Public comments are invited by January 24, 2014.